Mr. Brendon Grunewald reports

MOOVLY'S AI-POWERED PLATFORM MAKES VIDEO CREATION EFFORTLESS

Moovly Media Inc. has made significant AI-driven (artificial intelligence) enhancements to its platform in response to the escalating demand for AI-powered video content creation.

Moovly has always been at the forefront of democratizing video production, empowering users and customers to effortlessly create compelling videos without the need for advanced editing or production skills. The platform offers a diverse range of features, allowing users to compose videos using their own media assets or choose from an extensive library of over 100 million stock media assets available within the platform.

Driven by heightened usage and increasing customer demand, the company has integrated AI comprehensively into every stage of the video creation process. This facilitates user-directed video generation, spanning from scriptwriting to complete content production in mere minutes.

Moovly's co-founder and chief technology officer, Geert Coppens, added: "For companies and organizations who have their own brand assets organized in digital asset management (DAM) servers, we are also enabling brand-aligned video generation using media assets available within the DAM. To extend this capability, we are increasing our integrations and partnerships in the DAM space."

As the Moovly platform and the AI industry continue to evolve, the company committed to expanding the application of generative AI capabilities across all types of media assets used in video content, including AI-generated images, voiceovers, music, video scenes, subtitles and translations.

News sector growth

Moovly has experienced increased utilization in the news sector, with companies producing content related to local and international news events. The focus is on publishing these videos on social media platforms to attract attention and drive traffic to the news company websites. This growth is particularly notable among users in Asia and the Middle East.

Stock options

The company has granted an aggregate of 6.95 million incentive stock options to certain directors, officers, employees and consultants of the company, which are being issued to replace previously outstanding stock options that have expired unexercised. The stock options are exercisable at a price of five cents for a period of five years from the date of issue and are subject to regulatory approval.

About Moovly Media Inc.

Moovly is the leading provider of AI-powered creative tools to create compelling marketing, communications and training videos and video presentations. Moovly's advanced Studio Editor with millions of assets seamlessly integrated (through a partnership with Getty Images) is all you need to create engaging video content to promote, communicate or explain your product, service or message. Moovly's API (application programming interface) and Automator technologies allow third parties to automate parts or all of the content creation process, including mass video customization, personalized videos (video version of mail merge), automatic content creation or updating by connecting data sources. With clients including users from over 300 of the Fortune 500, small businesses, freelancers and Ivy League universities, Moovly is an intuitive, cost-effective choice for DIY (do-it-yourself) creation of engaging video-based content.

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